Nevada King Gold Corp. (CVE:NKG - Get Free Report)'s share price dropped 22% during trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 4,695,513 shares were traded during mid-day trading, an increase of 2,498% from the average daily volume of 180,729 shares. The stock had previously closed at C$0.21.
Nevada King Gold Stock Down 3.4%
The firm has a market cap of C$54.73 million, a price-to-earnings ratio of -2.32 and a beta of 1.57. The company has a 50-day moving average price of C$0.24 and a 200 day moving average price of C$0.27.
Insider Transactions at Nevada King Gold
In other news, Director Collin Kettell sold 20,000,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of C$0.25, for a total value of C$5,000,000.00. 33.32% of the stock is currently owned by insiders.
About Nevada King Gold
(
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Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc and changed its name to Nevada King Gold Corp in April 2021.
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